HECLA MINING CODE
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
HL$14.29-7.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows - Nine Months Ended
Condensed Cons olidated Statements of Cash Flows (Unaudited)
(In thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| Operating activities: | ||
| Net income (loss) | $23,878 | $(41,282) |
| Non-cash elements included in net income (loss): | ||
| Depreciation, depletion and amortization | 149,265 | 111,705 |
| Inventory adjustments | 10,074 | 16,332 |
| Fair value adjustments, net | (6,804) | 5,774 |
| Provision for reclamation and closure costs | 5,428 | 7,805 |
| Stock-based compensation | 6,401 | 5,122 |
| Deferred income taxes | 14,261 | 795 |
| Write down of property, plant and equipment | 14,464 | — |
| Net foreign exchange gain | (3,409) | (434) |
| Other non-cash items, net | 145 | 1,624 |
| Change in assets and liabilities: | ||
| Accounts receivable | (24,199) | 25,020 |
| Inventories | (27,375) | (24,339) |
| Other current and non-current assets | 353 | (15,045) |
| Accounts payable, accrued and other current liabilities | (6,991) | (2,389) |
| Accrued payroll and related benefits | 6,592 | (11,244) |
| Accrued taxes | 1,069 | (1,008) |
| Accrued reclamation and closure costs and other non-current liabilities | (12,345) | (3,821) |
| Net cash provided by operating activities | 150,807 | 74,615 |
| Investing activities: | ||
| Additions to property, plant and mine development | (153,708) | (161,265) |
| Proceeds from disposition of assets | 1,473 | 160 |
| Purchases of investments | (73) | (1,753) |
| Net cash used in investing activities | (152,308) | (162,858) |
| Financing activities: | ||
| Proceeds from sale of common stock, net | 58,368 | 25,888 |
| Acquisition of treasury stock | (1,197) | (2,036) |
| Borrowing of debt | 150,000 | 119,000 |
| Repayment of debt | (265,000) | (39,000) |
| Dividends paid to common and preferred stockholders | (16,691) | (11,755) |
| Repayments of finance leases | (7,841) | (7,990) |
| Net cash (used in) provided by financing activities | (82,361) | 84,107 |
| Effect of exchange rates on cash | (220) | 77 |
| Net decrease in cash, cash equivalents and restricted cash and cash equivalents | (84,082) | (4,059) |
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of period | 107,539 | 105,907 |
| Cash, cash equivalents and restricted cash and cash equivalents at end of period | $23,457 | $101,848 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $44,424 | $37,514 |
| Cash paid for income and mining taxes, net | $5,730 | $7,385 |
| Significant non-cash investing and financing activities: | ||
| Addition of finance lease obligations and right-of-use assets | $— | $16,092 |
| Common stock issued to ATAC Resources Ltd. shareholders | $— | $18,789 |
| Common stock issued as incentive compensation | $4,425 | $— |
| Common stock issued to directors | $770 | $676 |
| Common stock issued to interim CEO | $182 | $— |
| Common stock issued for 401-K match | $3,714 | $3,713 |
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